Markets were lower today as the Indices needed to go back down and re-test the recent lows after having a nice rally up to the Red Lines (50-day avgs.) Now the S&P 500 Index needs to not make a new low this time down to be Bullish. We’re waiting to see if Bonds will make a double bottom soon would should also be Bullish for stocks.
Most of the Leaders and Indices are coming back down to the Green Zones (probably too late to Sell for the Short Term) for more Money Wave Buy Signals..
The Markets and most Investments are still fairly weak (Below the Green Lines), so please be patient wait for more Money Wave Buy Signals. BUYS SOON – CHARTS The best moves are when the S&P 500 Index is also coming up out of the Green Zone (Now in the Green Zone).
BUYS TODAY NONE TODAY
BUYS TOMORROW – SWING TRADING STOCKS
Shop for a better price earlier in the day with Triple Buy Signal, on the same day that a Daily Money Wave Buy Signal will occur.
CF CF INDUSTRIES HOLDINGS Wait for Money Wave Close > 20 with High Volume.
MOS MOSAIC CO Wait for Money Wave Close > 20 with High Volume.
MRK MERCK AND CO Money Wave must Close in the Green Zone.
OXY OCCIDENTAL PETROLEUM CORP Wait for Money Wave Close > 20 with High Volume.
PBR PETROLEO BRASILEIRO (PETROBRAS) Wait for Money Wave Close > 20 with High Volume.
SBLK STAR BULK CARRIERS Wait for Money Wave Close > 20 with High Volume.
XLU UTILITIES FUND Wait for Money Wave Close > 20 with High Volume.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Follow on the WATCH LIST.
The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines).
BTU PEABODY ENERGY Exit if it is going to close below the Pink Line around $26.04 to capture a 16 % Gain. This trade was not logged.
PBR PETROLEO BRASILEIRO (PETROBRAS) PBR was Stopped Out yesterday on the close when it fell below Support. This trade was Not Logged.
XLE ENERGY SELECT SECTOR Exit if it is going to close below the Pink Line around $89.55. The Target was already hit for a 3.7 % Gain.
DAY TRADING SETUPS. A few Triple Buy Pops today: SQQQ (+10%) TZA (+9%) VIXY (+5%) . Try out the New Side by Side layout.
DAY TRADING FOR INDICES & LARGE CAPS CHARTS.
Bonds were down slightly today, and are Way Below the Green Line.
Crude Oil was down $1.55 at $119.96.
MY TRADING DASHBOARD
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
GREEN LINE CHARTS AT STOCKCHARTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
GREEN LINE RULES
ETF SECTOR ROTATION SYSTEM
New TOP 100 LIST Updated Jun 3, 2022
Many like to Buy the Swing Trades just before the Close, if the Money Wave is going to create a Buy Signal (Closing > 20 and up out of the Green Zone).
Don’t Buy if the Investment has already popped up too much. Money Wave Buy Signals are usually good for a 3-6 % move in a few days.
We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.
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